[Download] "William E. Peck & Company v. Lowe" by Supreme Court of the United States " eBook PDF Kindle ePub Free

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eBook details

• Title: William E. Peck & Company v. Lowe
• Author : Supreme Court of the United States
• Release Date : January 20, 1918
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 66 KB

Description

The plaintiff is a domestic corporation chiefly engaged in buying goods in the several States, shipping them to foreign countries and there selling them. In 1914 its net income from this business was $30,173.66, and from other sources $12,436.24. An income tax for that year computed on the aggregate of these sums, was assessed against it and paid under compulsion. It is conceded that so much of the tax as was based on the income from other sources was valid, and the controversy is over so much of it as was attributable to the income from shipping goods to foreign countries and there selling them.

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